Executive Compensation Design Linked to Consolidated Ordinary Profit and Dividends
First written in FY2021. 4 of 9 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
86 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The target metrics for performance-linked share-based compensation for the fiscal year are consolidated operating profit of ¥7,500 million, consolidated ROE of 4.7% and GHG emissions of 340,000 tonnes. Actual results for the fiscal year ending March 2026 are consolidated operating profit of ¥10,029 million, consolidated ROE of 7.0% and GHG emissions of 306,000 tonnes.」
For performance-linked share-based compensation, the company disclosed targets and fiscal year ending March 2026 results for operating profit, ROE and GHG emissions, providing details of how the compensation metrics are applied. - 2026-05-28RestatedGeneral Meetings of Shareholders
「Performance-linked stock compensation is determined based on the degree of achievement during the fiscal year against targets for consolidated operating income, consolidated ROE, and GHG emissions, as well as relative TSR, calculated by comparing the Company’s TSR with the growth rate of TOPIX including dividends.」
The Company continued to disclose the executive compensation metrics reorganized in the previous fiscal year: consolidated operating income, ROE, GHG emissions, and relative TSR. - FY2025ReframedAnnual report
「The performance-linked coefficient is calculated based on the degree of achievement of the consolidated operating profit target for the relevant fiscal year (the previous fiscal year).」
The performance metrics for executive compensation were changed from consolidated ordinary profit and total shareholder returns to consolidated operating profit. Consolidated operating profit, ROE, GHG emissions and relative TSR were also added as metrics for performance-linked share-based compensation. - FY2024AdvancedAnnual report
「The indicative mix by type of compensation is fixed compensation: performance-linked compensation: performance-linked share-based compensation = 65:28:7.」
The indicative mix of fixed compensation, performance-linked monetary compensation and performance-linked share-based compensation was set at 65:28:7, with the details of the share-based compensation plan's operation specified. - FY2024-Q2AdvancedAnnual report
「Beginning with the second-quarter consolidated accounting period, the company has introduced a Share Delivery Trust for Directors and a Share Delivery Trust for Employees.」
The share-based compensation plans for directors and employees approved in the previous fiscal year were introduced from the second quarter. The trusts hold 123,700 shares for directors and 352,300 shares for employees. - FY2024-Q1AdvancedAnnual report
「At a Board of Directors meeting held on 11 May 2023, the company resolved to introduce a performance-linked share-based compensation plan for the purpose of clarifying the link between compensation for the company's directors, excluding outside directors, and executive officers who have entered into mandate agreements with the company, collectively referred to below as the directors and executive officers, and the value of the company's shares. The plan is intended to increase their awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the gains and risks arising from share-price movements. The introduction of the plan for the company's directors was approved at the 109th Annual General Meeting of Shareholders held on 29 June 2023.」
The performance-linked share-based compensation plan was put into effect following resolutions by the Board of Directors and approval at the Annual General Meeting of Shareholders. A share-based compensation plan for employees was introduced at the same time. - FY2023ReframedAnnual report
「Specifically, compensation for directors other than outside directors comprises fixed monetary compensation, performance-linked monetary compensation and performance-linked share-based compensation. Compensation for outside directors comprises fixed compensation only, to ensure the proper performance of their supervisory duties over executive management.」
The company revised its executive compensation system, adding performance-linked share-based compensation to the previous structure of fixed compensation and performance-linked monetary compensation. The performance metrics were also consolidated into consolidated ordinary profit and total shareholder returns. - FY2022Performance-linked compensation metrics updatedAnnual report
「The target metrics for performance-linked compensation for the fiscal year were consolidated ordinary profit of ¥11,153 million and annual dividends per share of ¥75. Actual results for the fiscal year ended March 2021 were consolidated ordinary profit of ¥4,749 million and annual dividends per share of ¥75.」
The company disclosed a consolidated ordinary profit target of ¥11,153 million and a dividend-per-share target of ¥75 for the fiscal year as performance-linked compensation metrics. - FY2021First statedAnnual report
「The target metrics for performance-linked compensation are consolidated ordinary profit of ¥12,300 million and annual dividends per share of ¥75. Actual results for the fiscal year ended March 2020 were consolidated ordinary profit of ¥8,565 million and annual dividends per share of ¥75.」
The company disclosed its director compensation policy based on a Board of Directors resolution in February 2021. The policy combines fixed and performance-linked compensation, using consolidated ordinary profit and dividends per share as performance metrics. The indicative compensation mix is 7 parts fixed compensation to 3 parts performance-linked compensation.